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Tuesday, 28 November 2006 13:26

LNG contracts enter the sophistication stage

Philip Weems of King & Spalding.

This article is the last of a three-part series examining the evolution of long-term LNG sales contracts. The first and second parts of the series addressed trends and issues from the 1960s through to the 1990s. In this issue the author focuses on trends since 2000, including the emergence of more sophisticated force majeure and termination clauses, and the abolition of destination restrictions in the European market.
Published in March 06